Google's China units found guilty for tax fraud

[gubbi]

google's moral superiority built by evading taxes `````it seems to me those people on boards are so amateur! lol

Incredible no? How a bunch of board members managed, accidently, to turn an amateurish low quality product into a world leader? Its all conspiracy I say, how could Google be better than Baidu or its board of managers, right?

 

[BigTree.CN]

Like someone said before, Indians defend Americans more than Americans defend themselves!

 

[StingRoy]

Like someone said before, Indians defend Americans more than Americans defend themselves!

How about me trying to defend my ex-company.

 

[S10]

Why is Google guilty of Tax fraud only in China, but NOT in other countries?

Or is this plain harassment?

Maybe China doesn't share the tax loopholes Google's been exploiting.

Google Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda.

Google’s income shifting -- involving strategies known to lawyers as the “Double Irish” and the “Dutch Sandwich” -- helped reduce its overseas tax rate to 2.4 percent, the lowest of the top five U.S. technology companies by market capitalization, according to regulatory filings in six countries.

“It’s remarkable that Google’s effective rate is that low,” said Martin A. Sullivan, a tax economist who formerly worked for the U.S. Treasury Department. “We know this company operates throughout the world mostly in high-tax countries where the average corporate rate is well over 20 percent.”

Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes - Bloomberg

 

[Obambam]

Why is Google guilty of Tax fraud only in China, but NOT in other countries?

Probably political - Part of the American smear campaign. Having said that, Google was also guilty of violating the privacy of its users in Europe.

So employees and people handling finances must be local... isn't it?

It is unlikely for a company the size of Google to only use locals and the ones handling the finances may or may not be locals.
All I can say is, it is a double whammy for Google and they should be ashamed and should tighten up on its regulations and operations.

 

[StingRoy]

It is unlikely for a company the size of Google to only use locals and the ones handling the finances may or may not be locals.
All I can say is, it is a double whammy for Google and they should be ashamed and should tighten up on its regulations and operations.

I agree... Google usually places some American or a guy with American experience in charge of their foreign operations. I am sure this is the same case in China as well. But I feel that there will be ample Chinese execs also involved if indeed there are tax evasions.

On top of it the HQ also needs to answer the investors, so I am waiting for an official communication from US HQ as well.

 

[oct605032048]

If google wanna play in China it gonna obey China's law.

How come the genius in that company don't understand it?

Especially when they know a lot of people are not 'happy' to see their success.

 

[Huan]

If google wanna play in China it gonna obey China's law.

How come the genius in that company don't understand it?

You can be smart and indoctrinated from America. Hahaha.

 

[Tigershark]

Google should stick to what it does best--searches. Instead it tries to play politics with the government of China, behaving like the arrogant British East India Company, dictating how should act and behave. It even roped in the NSA, the White House, and Hillary Clinton. Look to the next few months as Google gets its hands burned--market share in China down to 19%, loss of its map service, and mounting decline in competitiveness. It well deserves this stinging lesson.

 

[Tigershark]

Incredible no? How a bunch of board members managed, accidently, to turn an amateurish low quality product into a world leader? Its all conspiracy I say, how could Google be better than Baidu or its board of managers, right?

Google is just plain uncompetitive in China. Not everyone wants to surf the web in an English search engine.

---------- Post added at 02:57 PM ---------- Previous post was at 02:56 PM ----------

You can be smart and indoctrinated from America. Hahaha.

Indoctrinated by which side?

 

[Aramsogo]

Gmail also invades your privacy. Scanning your e-mail to target ads.
Anyone who uses Gmail for personal messages is such giving away your privacy for free.

 

[Tigershark]

Google Maps fails to apply for license, faces shutdown
Google has not applied for its Internet mapping license and all Internet mapping services that have not applied for the license will be shut down on July 1, said an official from the State Bureau of Surveying and Mapping (SBSM).

Google's business in China has suffered one setback after another, the most recent of which came when its search engine technology was abandoned by Sina.

The official said that the SBSM has not received Google's application. Enterprises in the Internet mapping service industry must obtain relevant qualifications and submit their applications by March 31 in accordance with the new regulations released by the SBSM in 2010. Administrative departments will adopt measures on July 1 to firmly punish the serious delinquent behaviors of enterprises that do not submit the application.

After passing the regulations, the SBSM issued Internet mapping licenses to 105 websites, including China's domestic enterprises, such as Baidu, Sina and China Mobile, as well as the Nokia joint venture company in China in mid-February.

It has long been a hot topic in China whether Google, an excellent online map provider, will submit an application and gain a license for its online mapping service. In fact, Google has had a hard time doing business in China since it withdrew from the Chinese mainland last March.

Google had disputes with seven of its business agents based in eastern China and failed to renew search service contracts with Tianya and Sina. In addition, there have been concerns that Google China may not pass the next ICP annual inspection.

According to sources, Google is having difficulties renewing the mapping license mainly due to its decision to withdraw from the Chinese mainland. Furthermore, foreign-funded enterprises are subject to stricter restrictions when getting such a license. Even after being approved by the SBSM, they will still have to gain the approval of the state security department.

It is worth noting that Google has reportedly sent some staff to participate in the bureau's second round of relevant "standards" training, which was regarded as a signal that Google would submit an application for its mapping service. However, since an application is still missing, Google Maps is very likely to cease operations in China.

 

[oct605032048]

so sad poor google.

 

[rcrmj]

Incredible no? How a bunch of board members managed, accidently, to turn an amateurish low quality product into a world leader? Its all conspiracy I say, how could Google be better than Baidu or its board of managers, right?

baidu is for chinese language users, can u read chinese? dont act smart, its laughable

 

[no_name]

Gmail also invades your privacy. Scanning your e-mail to target ads.
Anyone who uses Gmail for personal messages is such giving away your privacy for free.

Google can read anything you put in your mail and there is nothing you can do about it.
All computer science major and computer engineers can tell you that.

They're also now trying to link you to your other accounts. Such as prompting you to sign into youtube under google account.

For your privacy sake it is better to keep your online service/logins separate from each other.